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CNBC
Nov 30, 2012 3:00pm EST
medicare. that's the key to the deal, guys. now we end the week sort of nowhere. they'll be back at it again next week. >> all right. thanks so much, eamon javers. meanwhile, the marriott ceo was one of the ceos in the room with president obama this week in the fiscal cliff meetings. many of the executives saying that the white house sounded resounding resoundingly reasonable when describing plans to address the debt and deficit. >> so was this proposal the white house made yesterday with more spending and very few spending cuts, was that what mr. sorenson was expecting out of the gate? he joins us on the telephone with his thoughts. good to have you with us. >> glad to be with you. >> when you were with the other ceos at the white house, does it jive with what we're hearing about that made mitch mcconnell laugh yesterday? are those two plans one in the same? >> well, i'm hopeful that what's happening in the media is posturing by both parties and doesn't reflect where either party thinks a deal will end up. i think what the president talked with us about on wednesday afternoon was much
CNBC
Dec 3, 2012 3:00pm EST
health savings. what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we don't have here is a lot of detail hanging off this christmas tree at this point. we're looking at a couple of bullet points being released now in terms of the scale of the deal. it gives us overall broad numbers. presumably negotiators would have to go in and fill in details of how they're get that kind of savings. there have been a lot of proposals on health of finding billions of dollars of savings by reducing overhead and other things like that. you've seen the unions come out and say they don't want to see any changes at all that would hurt payoffs to beneficiaries in terms of health care. that would be one of the sticking points between republicans and democrats. we would have to see more detail from boehner's office and how they plan to get to the number of $600 billion. >> broadly speaking, these numbers are similar to where they left it on the table last year during those failed negotiations for the grand bargain. these numbers are simila
CNBC
Nov 29, 2012 3:00pm EST
medicare because the savings in medicare is involved in the affordable care act. the president already has that there. the savings there should be on the board. >> when we talk about cuts in entitlements, then, sir, where are we talking about makes further cuts? >> well, i don't know who's talking about -- are you talking about cuts in entitlements, but you aren't talking about cuts in providing health care. you talk about perhaps it could be with the providers. but you're not talking about the benefits on the side of this. i don't know, and nobody has explained to me, what role does insurance companies play in getting a sick person well? i mean, the money that you pay into them, i think that we're going to take a look at insurance companies. also in pharmaceuticals. there are big savings that could be negotiated. >> do you understand that, bill? i'm not sure i follow you. so we've got $16 trillion debt. we've got a deficit every year of $1 trillion or more -- >> i'm saying the savings are in pharmaceuticals. >> where are the cuts? >> we can cut by not paying the maximum price
CNBC
Dec 5, 2012 4:00pm EST
some big reforms on medicare and medica medicare, social security is, any of the retirement or tax issues, but i'll tell you this. i think that all these stories aren't necessarily going lead us to the truth. i personally have a very size way i'm approaching this. the president is supposed to leave for a 21-day vacation in hawaii on december 17th. where he is on december 18th will tell me, and i think the markets will pay attention. i find it hard to believe, and i agree with bill and many, who are very not amused by the house taking their long weekend. i'm sure that the president would have no intentions of leaving until these issues are resolved. i think the market is being kind, but i think it's a timing issue. >> yeah, i think that's a good point. somebody mentioned the other day that the president is planning a trip to hawaii on december 17th. i said, what? they said, no, no, no, not unless the deal is done. we'll see about that. meanwhile, the house goes away for a lock weekend. all right, rob. what do you think? you think we're going to get a deal done by the year end? >> i
CNBC
Dec 4, 2012 4:00pm EST
hanger down in washington. no wonder the industry is facing potential cut in medicare, which amounts to about $11 billion. as government debates where to cut, the fact is, half of health care spending in general is done through government programs like medicare. it is the austerity cross hairs. the ceo of the new york presbyterian hospital is with us. give me your concerns or feelings as we approach this fiscal cliff. do you think we'll get a deal done, or are you anticipating we go over the cliff? >> we're americans. we have to get a deal done. this is really important, and it's important for health care. at some point in time, we're going to have to come to grips with the fact there's got to be revenue. you have to have some rate increases, in my opinion. charitable deductions are a non-starter for us. that's a big issue. universities, hospitals, we depend on charity and charitable donations. >> let's stop right there because i want to take one part at a time. the charitable deductions, this is one of those deductions within the tax code that's being debated. that and as well the m
CNBC
Nov 30, 2012 4:00pm EST
. wait until you hear who she says deserves the blame. >>> also, social security and medicare in focus. is this economic backdrop cost cutting? should these programs be torn down to keep our economy from hitting disaster down the road? we'll debate this hot-button issue coming up. stay with us. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. card hassles? introducing chase liquid. the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks right from your smartphone. get rid of prepaid problems. get chase liquid. >>> welcome back with today's session in the books, there are now just 21 days in the trading year lef
FOX Business
Dec 5, 2012 3:00pm EST
natiol medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quali time to share with the ones who maer most. i love you, grandma! male annouer ] humana. ♪ liz: citigroup, the most failed outbreak in history, leave it to them to do the wrong thing during the holiday season. first off they're laying off thousands of employees and reneging on their year-end bonuses. charlie gasparino with the details. this is particularly bad. >> christmas? liz: do not do it in the summer. >> some would say, there is the grinch. you're right. liz: do these people know what is coming? the likelihood is you work like 11 months out of 12, you will not get your year-end bonus. at citigroup there is a rule they don't prorate it. what he is doing is saying the bylaws or the rules, they're getting screwed right now. employees as well, they get bonuses. you get a good chunk. a significant chunk of
FOX Business
Nov 30, 2012 3:00pm EST
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CNBC
Dec 7, 2012 4:00pm EST
very sympathetic with the defense industry. i'm sympathetic with seniors on medicare. i'm certainly sympathetic with the 100,000 kids who are going to lose their head start. we have got to do something about the deficit in this country. you cannot take the position that, well, pi industry needs to be exempted from this. or the defense will suffer. everything will suffer. we will make do. we're a great country, but the biggest danger to this country is not cuts to the defense department. the biggest danger going forward is a deficit that's going to approach 80% or 90% of gdp. >> if i could respond, nobody is saying that there's any one special interest that can't participate. what we're saying is it would be not the right approach to just take this one slash, giant additional defense cut. this has to be across the board. it's got to be a balanced budget. it's got to be addressing all sorts of issues. there's got to be spending cuts across the board as well as the raising of revenue. the real concern is not reaching a decision and just letting this take place without any direction and
FOX Business
Dec 3, 2012 3:00pm EST
spending on things like medicare, social security, i mean, do you think it has gotten out of control? >> it is scheduled to go up by several percentage of gdp over the next couple decades. that had to be turned around. i think that everyone recognizes that is were spending control has to be focused on if we are to avoid much higher tax rates or an explosive national that. i think it is clear that the republicans are saying we will only go along with higher tax revenue, not higher tax rate, but revenue, if the administration will come forward with some plans to slow the growth of spending. lori: all of this going on against the backdrop where we have had low inflation. the fed has promised these low record rates all the way through 2013. what happens if we do get a situation where the fiscal cliff does involve higher taxes? you have higher taxes, a slowing economy and baby inflation. what do you think, will it start to kick in click select this is a recipe for disaster >> the accumulation of excess reserves in the commercial banks that right now are just parks at the federal reserve.
FOX Business
Dec 4, 2012 3:00pm EST
helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able tprovide... whicmeans better health outcomes... and more quality time to share with the ones who maer most. iove you, grandma! [ male announcer ] humana. ♪ [ male announcer ] humana. ♪ music kids will spend22 minut, the super dur party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe toothain later. two minutes twice a day. they have the time. liz: casual dining getting crushed. bling dartmouth restaurants. does that ring a bell? how could it not? americana. a horrible into a picture. red lobster and olive garden and all you can eat bread sticks and unlimited salad and my favorite, the cheddar biscuits. if you own the stocks might take some pep the abysmal. the stock is getting eaten alive here. this is not a great picture as you can see. we were doing just f
CNBC
Dec 3, 2012 4:00pm EST
that. they do have some specifics on entitlements which include raising medicare age of eligibility from 65 to 67, something talked about in the grand bargain talks over a year ago. they talk about moving to a different inflation adjustment for social security and other government programs. they also talk about reform of medicare to include private sector competition with a traditional fee for service medicare plan. all of those are things that are within the zone of discussion that both -- between the two of the parties. now, president obama went on twitter this afternoon, took questions from the public to try to build pressure on republicans. he got one question from an average person saying, well, will my mortgage interest deduction be threatened by these fiscal cliff talks? and the president used that as a lever to say, that's why rates have to go up, because if they don't, they're going to sister to squeeze middle class deductions. that's the president trying to put pressure on. but i think now that we have offers on paper from both sides, there at least is a prospect we'll hav
FOX Business
Dec 6, 2012 3:00pm EST
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Search Results 0 to 12 of about 13